The Volkswagen Group is further developing its Group management. The Group Board of Management of Volkswagen AG is being streamlined and responsibilities will be reallocated. The Supervisory Board adopted a corresponding resolution. The new Chairman of the Board of Management, Oliver Blume, will focus on strategy, quality, design and the software subsidiary CARIAD. In addition, the central Board of Management divisions Finance, Human Resources and Truck & Bus, Integrity and Legal Affairs, IT, Technology as well as China will continue to be represented on the Group Board of Management along with the brand groups Volume, Premium and Sport & Luxury.
“In recent years, the Supervisory Board and the Board of Management have set the right strategic course by moving in the direction of electromobility and software. Now it’s time to implement the initiated measures with a streamlined Group management. For this purpose, the complexity on the Group Board of Management will be reduced and the focus sharpened”, explained the Chairman of the Supervisory Board, Hans Dieter Pötsch, and added: “Together with an outstanding team on the Board of Management and the Extended Executive Committee, Oliver Blume will ensure that the Volkswagen Group continues to successfully and forcefully meet the challenges of the transformation.”
According to CEO Oliver Blume: “The interplay between the Group, brand groups and brands is key for the success of the Volkswagen Group. The brands will be given more business responsibility. The Group will define the objectives, establish the guardrails for operational implementation and provide synergies for the platforms and technologies. Internally, the brand groups will assume responsibility for reducing the complexity of the management.”
The Group Board of Management will be focused on main responsibilities such as strategic orientation, important decisions on the company’s direction, allocations of capital and financial requirements. At Group level, the specialist interdepartmental functions such as Purchasing, Development, Production and Sales will be pooled in an Extended Executive Committee. This committee will be responsible for combining the brands and divisions, ensuring operational excellence and realising cross-brand synergies. In addition to his role as member of the Board of Management of the Volkswagen Passenger Cars Brand with responsibility for Procurement, Murat Aksel will continue to be responsible for Procurement at Group level. In addition to her position as member of the Board of Management of AUDI AG with responsibility for Sales and Marketing, Hildegard Wortmann will continue to be responsible for Sales at…
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